"A Scrutiny on Position and Competence of India's MSME Sector"

Micro, small, and medium-sized enterprises (SMEs) contribute significantly to entrepreneurship development through business innovation. MSMEs extend their reach into different economic sectors and produce a wide range of products and services to meet national and global market demands. MSMEs in India play a key role in providing high employment opportunities with relatively lower capital costs than large industries and in industrializing rural and backward areas, reducing regional imbalances by, among other things, ensuring a more equitable distribution of national income and wealth. This article focuses on the crucial role of MSMEs and the performance of different sectors in India.